40915 161st E, Lancaster, California 93535, Lancaster, 93535 - 4 bed, 2 bath
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40915 161st E
Lancaster, California 93535
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,300Sq Ft
41,043Lot Size
Property Price
LIST PRICE$400,000
EST. MARKET VALUE
$390,205
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $390,206 Fair Market Value by -2%. While the home carries a Fair Condition Rating and requires cosmetic updates, the massive 41,043 sqft lot provides exceptional utility for ADU construction or expansion. The functional 4-bedroom layout offers significant rental potential in the Antelope Valley Union district. This is a strategic acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project with substantial land upside.
Estimated Market Value
$390,205
Based on Realkey algorithm analyzing recent comparable sales in Lancaster.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40915 161st E Subject | $400,000* List Price | 4 | 2 | 1,300 | $300 | - |
A 15232 Greenrock Sold | $420,000 | 4 | 2 | 1,300 | $323 | 0.9 mi |
B 40942 159th Street E Sold | $347,500 | 3 | 2 | 1,134 | $306 | 0.1 mi |
C 16245 Mossdale Avenue E Sold | $350,000 | 3 | 2 | 1,372 | $255 | 0.4 mi |
D 16173 Newmont Sold | $399,900 | 3 | 2 | 1,402 | $285 | 0.3 mi |
E 40734 163rd E Sold | $400,000 | 3 | 2 | 1,402 | $285 | 0.4 mi |
F 15235 Newmont Sold | $409,000 | 4 | 2 | 1,490 | $274 | 0.8 mi |
G 40596 Fieldspring Sold | $390,000 | 3 | 2 | 1,240 | $315 | 0.7 mi |
H 41331 156th E Pending | $400,000 List Price | 4 | 2 | 1,200 | $333 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985, the property is 41 years old, placing it in the 'Fair' category (>20y). While the exterior photo shows relatively modern HVAC condensers, the weathered patio structure and stucco suggest the property is dated and requires minor repairs or cosmetic updates to the kitchen and baths to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 41043, living area = 1300.
- Expansive Lot Size
The property sits on a massive 41,043 sqft lot, offering nearly an acre of land that provides exceptional privacy and ample space for ADU construction, workshops, or equestrian use.
- High Bedroom Count
Featuring 4 bedrooms and 2 bathrooms, this home offers a functional layout that accommodates larger families or provides extra space for a home office, which is rare at this price point.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-11-10. The sold price is $433,000.00.
- Remote Location
Located on 161st Street East, the property is situated in a remote rural area of Lancaster, which may result in long commute times to major shopping centers, schools, and employment hubs.
- Compact Living Quarters
With 4 bedrooms squeezed into 1,300 square feet, the individual room sizes and common living areas may feel constrained compared to more modern, spacious residential designs.
About 40915 161st E
Exceptional opportunity in Lancaster. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 41,043 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.9 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,300 | 1,831.274 |
| Lot Size | 41,043 | 7,654.687 |
| Price | $400.0K | $478.1K |
| Price per sq ft | $308 | $269 |
| Built year | 1985 | 1989 |
| HOA | $0 | $203 |
| Days on market | 7 | 62 |
Pricing History
Listed for Sale
Sep 2, 2026
$400,000
Initial Listing
Sold
Nov 10, 2025
$433,000
Public Record
Sold
Jun 8, 2018
$230,000
Public Record
Sold
Dec 6, 2017
$150,000
Public Record
Sold
Jun 9, 2010
$70,000
Public Record
Sold
Sep 19, 2003
$129,500
Public Record
Sold
Apr 30, 2003
$75,000
Public Record